If a Used Car Dealer Purchases a Used Car for $3,000,refurbishes

Multiple Choice

If a used car dealer purchases a used car for $3,000,refurbishes it,and sells it for $8,000,the

A) dealer contributes value added equal to $5,000,but nothing is added to GDP.
B) dealer contributes value added equal to $5,000,and consequently $5,000 is added to GDP.
C) dealer contributes nothing to production because only existing goods are involved.
D) dealer contributes value added equal to $8,000,but only $5,000 is added to GDP.